Speaking at the launch of former Nigerian President Ibrahim Babangida’s autobiography, Mr. Akufo-Addo emphasized the need for African leaders to shift their focus from donor dependency to fostering strategic partnerships and sustainable economic policies.

“Too often, African nations look outside for solutions when the answers lie within our own borders,” he stated. “We must reject the notion that aid is the key to our development. No country has ever achieved lasting prosperity by depending on handouts.”

His remarks come amid rising concerns over Africa’s economic vulnerabilities, including inflation, debt burdens, and global supply chain disruptions. Most of these vulnerabilities occasioned in part by the COVID-19 pandemic, the economic hardships of African countries has been underlying.

This, former ECOWAS Chair urged African nations to maximize intra-continental trade and investment, stressing that real progress lies in self-sufficiency and cooperation.

He highlighted the African Continental Free Trade Area (AfCFTA) as a transformative initiative that could unlock the continent’s economic potential.

“If we are to move beyond our historical economic challenges, we must fully embrace the AfCFTA. Removing trade barriers and fostering economic integration will create the conditions necessary for sustainable growth,” he remarked.

Mr. Akufo-Addo also cautioned against the long-term consequences of relying on donor support, which often comes with strings attached.

“Foreign aid is not free—it comes with conditions that may not align with our long-term interests. We must prioritize investments in our people, industries, and agriculture to ensure true self-reliance,” he asserted.

Turning his attention to West Africa, Mr. Akufo-Addo called for stronger collaboration between Ghana and Nigeria as a model for regional economic growth.

“Ghana and Nigeria have demonstrated that when we work together, we achieve more. We share a history, a culture, and a responsibility to lead West Africa towards economic independence,” he noted.

He encouraged both nations to deepen partnerships in trade, energy, and technology, highlighting the mutual benefits of joint ventures. “We must move beyond competition and embrace cooperation, leveraging our strengths for the greater good of our people.”

In his closing remarks, Akufo-Addo urged African leaders to take decisive action in shaping the continent’s future. “Africa’s future is in our hands. With the right leadership, strategic investments, and a commitment to cooperation, we can build a continent that is prosperous, self-reliant, and respected globally.”